Monday September 12, 2022: $163.43 +$6.06 +3.85%
Sept 12, 2022 1:38:31 GMT -8
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Post by Dave on Sept 12, 2022 1:38:31 GMT -8
Good morning. We’re starting this week with a green pre-market at +0.98% at this moment. Let’s make some money today.
What to Expect in the Markets Next Week
What to Expect in the Markets Next Week
Events Calendar:
Monday, September 12
Oracle Corp. (ORCL), Legend Biotech (LEGN), and Braze Inc. (BRZE) report earnings
Consumer Inflation Expectations (Aug)
U.K. GDP Growth (July)
U.K. Industrial Production (July)
Tuesday, September 13
CPI Inflation Rate (Aug)
CPI Core Inflation Rate (Aug)
NFIB Business Optimism Index (Aug)
IBD/TIPP Economic Optimism Index (Sep)
Eurozone Zew Economic Sentiment (Sep)
Germany Inflation Rate (Aug)
U.K. Unemployment Rate (July)
Wednesday, September 14
PPI Inflation Rate (Aug)
PPI Core Inflation Rate (Aug)
U.K. Inflation Rate (Aug)
Eurozone Industrial Production (July)
Thursday, September 15
Retail Sales (Aug)
Philadelphia Fed Manufacturing Index (Sep)
NY Empire State Manufacturing Index (Sep)
Import and Export Prices (Aug)
Industrial Production (Aug)
Business Inventories (Jul)
China Industrial Production (Aug)
China House Price Index (Aug)
Friday, September 16
Manchester United Ltd. (MANU) reports earnings
Michigan Consumer Sentiment Index - Preliminary Reading (Sep)
Eurozone Inflation Rate - Final Reading (Aug)
August Inflation Reports
On Tuesday, the Bureau of Labor Statistics (BLS) will release its latest Consumer Price Index (CPI). Headline inflation is projected to have accelerated slightly to an 8.7% annual rate in August, up from 8.5% in July. Core inflation, which excludes volatile food and energy costs, likely accelerated to a 6.1% annual rate, compared to 5.9% in July. While the pace of inflation has moderated somewhat after reaching a 40-year peak of 9.1% in June, as energy costs fell, prices have remained stubbornly high as costs for other categories of goods and services continued to rise.
The Producer Price Index (PPI), tracking inflation from the standpoint of goods producers and wholesalers, will follow on Wednesday. Producer inflation unexpectedly contracted 0.5% in July after rising 1% in June, with the PPI’s annual gain slowing to 8.9%–its lowest level since October of 2021. A lower rate in August would point to easing price pressures, as producer inflation is considered to be a leading indicator for the direction of consumer prices.
August Retail Sales
On Thursday, the U.S. Census Bureau is expected to release its report on August retail sales, providing an important update on consumer spending. Retail sales are projected to have stagnated in August, after sales remained unchanged in July. Retail sales growth has decelerated in recent months as rising inflation and declining consumer confidence impacted consumers’ purchasing habits.
U.K. Inflation Update
On Wednesday, we can expect the latest update on inflation in the U.K., after prices rose at a 10.1% annual rate in July, marking the highest rate of inflation in over 40 years and the fastest rate among G-7 countries. Analysts are projecting consumer prices rose 0.6% in August, after gaining 0.8% in July, with the annual rate of inflation accelerating further to 10.2%. Energy prices have soared and are expected to rise further, as Russia threatens to cut supplies to Europe in retaliation against sanctions imposed on Russia following its invasion of Ukraine. In its latest report on monetary policy, the Bank of England (BoE) projected inflation could rise to 13% over the next few months.
Monday, September 12
Oracle Corp. (ORCL), Legend Biotech (LEGN), and Braze Inc. (BRZE) report earnings
Consumer Inflation Expectations (Aug)
U.K. GDP Growth (July)
U.K. Industrial Production (July)
Tuesday, September 13
CPI Inflation Rate (Aug)
CPI Core Inflation Rate (Aug)
NFIB Business Optimism Index (Aug)
IBD/TIPP Economic Optimism Index (Sep)
Eurozone Zew Economic Sentiment (Sep)
Germany Inflation Rate (Aug)
U.K. Unemployment Rate (July)
Wednesday, September 14
PPI Inflation Rate (Aug)
PPI Core Inflation Rate (Aug)
U.K. Inflation Rate (Aug)
Eurozone Industrial Production (July)
Thursday, September 15
Retail Sales (Aug)
Philadelphia Fed Manufacturing Index (Sep)
NY Empire State Manufacturing Index (Sep)
Import and Export Prices (Aug)
Industrial Production (Aug)
Business Inventories (Jul)
China Industrial Production (Aug)
China House Price Index (Aug)
Friday, September 16
Manchester United Ltd. (MANU) reports earnings
Michigan Consumer Sentiment Index - Preliminary Reading (Sep)
Eurozone Inflation Rate - Final Reading (Aug)
August Inflation Reports
On Tuesday, the Bureau of Labor Statistics (BLS) will release its latest Consumer Price Index (CPI). Headline inflation is projected to have accelerated slightly to an 8.7% annual rate in August, up from 8.5% in July. Core inflation, which excludes volatile food and energy costs, likely accelerated to a 6.1% annual rate, compared to 5.9% in July. While the pace of inflation has moderated somewhat after reaching a 40-year peak of 9.1% in June, as energy costs fell, prices have remained stubbornly high as costs for other categories of goods and services continued to rise.
The Producer Price Index (PPI), tracking inflation from the standpoint of goods producers and wholesalers, will follow on Wednesday. Producer inflation unexpectedly contracted 0.5% in July after rising 1% in June, with the PPI’s annual gain slowing to 8.9%–its lowest level since October of 2021. A lower rate in August would point to easing price pressures, as producer inflation is considered to be a leading indicator for the direction of consumer prices.
August Retail Sales
On Thursday, the U.S. Census Bureau is expected to release its report on August retail sales, providing an important update on consumer spending. Retail sales are projected to have stagnated in August, after sales remained unchanged in July. Retail sales growth has decelerated in recent months as rising inflation and declining consumer confidence impacted consumers’ purchasing habits.
U.K. Inflation Update
On Wednesday, we can expect the latest update on inflation in the U.K., after prices rose at a 10.1% annual rate in July, marking the highest rate of inflation in over 40 years and the fastest rate among G-7 countries. Analysts are projecting consumer prices rose 0.6% in August, after gaining 0.8% in July, with the annual rate of inflation accelerating further to 10.2%. Energy prices have soared and are expected to rise further, as Russia threatens to cut supplies to Europe in retaliation against sanctions imposed on Russia following its invasion of Ukraine. In its latest report on monetary policy, the Bank of England (BoE) projected inflation could rise to 13% over the next few months.